Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.047%

Price spread now: SoDEX against HTX−0.042%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.042% cheaper against HTX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	94.870	0	get 0.0000% / 4h	1h 59m	$16K	$348K	20x
Short	SoDEX ZHIPU-USD	94.830	0.0050	get 0.0006% / 1h	59m 38s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee SoDEXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $10.5
Price spread: −0.042% → 0.000%: −$4.22
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.72
Costs to cover: 0.200%
Break-even: 16.1 days

Slippage unknown: HTX: live order book, 51 min ago; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 51 min ago	4.22 bp	11.8 bp −$12	28.5 bp −$285	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZHIPU on 17 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZHIPU_USDT	0.0000%	8h	94.900	+0.032%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.850	−0.021%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	94.870	long leg	$16K	$348K	20x
Lighter ZHIPU	+0.0032%	1h	94.710	−0.169%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	94.830	−0.042%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	94.832	−0.040%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.920	+0.053%	$39K	$259K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.830	−0.042%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.824	−0.048%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0200%	8h	94.710	−0.169%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0410%	4h	94.844	−0.027%	$21.9M	$55.8M	25x	as long as short
Bybit ZHIPUUSDT	+0.0581%	8h	94.930	+0.063%	$355K	$1.2M	25x	as long as short
edgeX ZHIPUUSDC	+0.0601%	4h	94.846	−0.026%	$20K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0812%	1h	94.825	−0.047%	$26.6M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.0832%	8h	94.920	+0.053%	$1.6M	$4.0M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0926%	1h	94.730	−0.148%	$32K	$19K	5x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1246%	8h	94.930	+0.063%	$5.1M	$15.3M	25x	as long as short